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About Bitcoin

Bitcoin is a digital currency.You can use bitcoins to make purchases on the internet and in stores.

Benefits of using Bitcoins:

Bitcoin is global:
Bitcoins can be sent to someone regardless where in the world.

Bitcoin is irreversible: Bitcoin is like cash and bitcoin transactions cannot be reversed by the sender.

Bitcoin fees are low: Bitcoin transaction fees area lot less than fees you pay with credit cards, in banks or with other processors.

Bitcoin is private: When you pay with bitcoins, there are no bank statements involved, and you do not need to provide unnecessary personal information. Bitcoin transactions do not contain any identifying information ONLY the bitcoin addresses and amounts involved.

Bitcoin is secure: Bitcoin payments are more secure than debit/credit card transactions because there is no sensitive information required and sent online. The risk is very low, of your financial information or your identity being stolen.

Bitcoin is open: Every transaction on the Bitcoin network is published publicly, without exception. The software that constitutes the core of Bitcoin is free and open-source so anyone can review the code.

Since mid-2016, investors and traders in the largest bitcoin exchange markets including the U.S., China and Japan began to perceive bitcoin as a safe haven asset. Since then, bitcoin has been the go-to asset for avoiding economic uncertainty and financial instability.

Some financial observers believe fiat money is approaching its decline and the emergence of a decentralized and market-based currency such as bitcoin or any other cryptocurrencies that hold the philosophy of bitcoin could threaten the global financial system.

Bitcoin is seen as a practical and viable hedge against debt-based economies because its value solely depends on its market. Since bitcoin is decentralized by nature and has a fixed monetary supply, the value of bitcoin is decided by supply and demand. As long the demand for bitcoin continues to increase, the value of bitcoin will proportionally surge, given that its supply is fixed.